ExxonMobil could cut 14,000 global jobs as COVID-19 continues to hurt global demand for energy. Are there no ways they could diversify to save themselves first?

COVID-19 has definitely impacted job markets and caused detrimental effects onto many industries globally. Petrol companies might be facing higher effects due to lockdown measures, controlling the movement of people and thus, the reduced usage of private transport. In Singapore, the lockdown measures has since been lifted and we are onto the 2nd Phase or Phase 2 of the safety measures, where people are allowed to move around and hence, the demand for energy in the forms of petrol is still there.

On that note, Singapore has plans for moving towards clean energy. You can check out this article, https://getsolar.ai/blog/future-of-solar-singap..., for more information on how Singapore has been continuously improving their policies to include renewable energy and has been actively working towards our goals.

You can also get more information about solar energy by following and liking this page on Facebook, https://www.facebook.com/solaraitech. ​​​

Need to pivot to green energy. O&G is sunset industry.